Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Opalesque Roundup: Hedge funds are down -4.16% in June: hedge fund news, week 26

Monday, July 18, 2022

In the week ending July 16th 2022, the Barclay Hedge Fund Index indicated that the hedge fund industry posted a -4.16% return for June 2022 which made for its third consecutive down month. Hedge funds did however fare markedly better than the S&P 500 Total Return Index which lost -8.25% in June. For the year-to-date range, hedge funds are down -9.93% through June, again outperforming the S&P 500 Total Return Index which was down -19.96% over the same interval.

According to Citco too, hedge funds struggled in June, with their losses widening month over month. Overall, funds administered by Citco declined 2.4% in June, adding to May's loss of 1.1%. Hedge funds recorded negative results in April as well, declining 2.9%. The overall weighted average return was -2.4%, while the median return was -2.1%, a small dispersion which shows that larger hedge funds struggled more than smaller ones.

Meanwhile, redemptions overwhelmed new investments for Citco Group Ltd.'s hedge-fund clients in June, bringing net outflows to $10.1 billion, the asset servicer said in a monthly update. Funds using Citco as an administrator globally saw $25.8 billion of redemptions during the month, against $15.7 billion of new inflows from investors, it said. Citco forecasts $7.8 billion of net withdrawals for the third quarter and $6.4 billion at year-end.

In performance ne......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1